Lavage Rapide Is a Canadian company that owns and operates a large automatic car wash facility near Montreat. The following table provides data concerning the company's costs: Fixed cost per Month Coat per Car Washed $0.80 $0.09 30.15 $0.30 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,200 $4,200 $8,400 $2,100 $1,700 30.01 For example, electricity costs are $1,200 per month plus $0.09 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.40 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement Actual cars washed Tor the Month Ended August 31 8,300 Revenge Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 7.060 1.908 1.470 7,020 8.400 2.300 29040 $24.780 Required: Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances for August. Indicate the effect of each variance by selecting "P" for favorable. "U" for unfavorable, and "None" for no effect (.e.. zero Required: Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget 3,300 Planning Budget Cars washed Revenue 54,580 Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 7,060 1.908 1.470 7,020 8,400 2,300 1,682 29,840 24,740 $